Bank Lelong Property Malaysia: A Bank-by-Bank Guide

Key Takeaways

Each bank publishes its own list, in its own format: PDFs by region at CIMB, a search page at Hong Leong, PDF lists at AmBank, OCBC and Standard Chartered.
The security decides the route, not the bank. A titled property is charged and sold under a High Court or land office order; a property without its own title is usually sold by the bank's auctioneer under a loan agreement cum assignment (LACA).
Court and land office auctions follow the National Land Code: 10% of the reserve to bid, balance within 120 days, no extension. In LACA auctions banks state 90 or 120 days.
Not every bank property is a lelong. Public Bank sells its Properties for Sale list by written offer, and RHB sells group-owned properties by tender.
Most lots need several rounds: 10.7% of first auctions sell in BidNest's records, 55.1% from round five on.

Why do bank lelong lists look so different?

A bank auctions a property when the borrower defaults (see why banks auction properties). The formats differ by lender, but there are only three auction routes, and the route sets the deposit, the deadline and who runs the sale.

Charge or assignment: which route is it?

Route	When it applies	Who orders the sale	Payment terms
High Court	Charged property under a registry title	The High Court (National Land Code s.256); bank lists send these lots to the judiciary's e-Lelong portal	10% of the reserve to bid; balance within 120 days, no extension (s.257)
Land Office	Charged property under a land office title	The Land Administrator, after an enquiry (s.260 and s.263)	The same 10% and 120-day rule
LACA	No individual or strata title yet; the purchaser's rights are assigned to the bank	The bank itself, through a appointed auctioneer	Set by the Conditions of Sale; banks state 90 or 120 days

Charged property. The bank serves a default notice giving at least one month to remedy the breach (s.254), then applies for an order for sale, which sets the reserve at the estimated market value. If nobody bids at or above it, the lot returns at the same or a new reserve (s.259): the source of the cuts in auction rounds explained.

Assigned property (LACA). UOB's standard Loan Agreement cum Assignment lets the bank sell "by public auction or private treaty" on terms it decides, and bid itself. Two points for bidders:

Consent is the buyer's job. An AmBank auctioneer's Proclamation says developer or authority consent is the successful bidder's responsibility; OCBC's terms add that if consent fails, the sale is void and the money is refunded without interest.
An assigned property can still go to court. AmBank's November 2026 High Court e-Lelong list names assignors and court execution numbers.

More in e-Lelong court auction vs bank auction.

Where does each bank publish its auction list?

Bank	Where it publishes	What you get	On BidNest
CIMB	CIMB Property Auction page	Auction dates by region, e-listing PDFs, a master list, FAQ and terms	CIMB
Maybank	Maybank Auction page on Maybank2u	Links to an online bidding platform on a separate site	Maybank
Public Bank	Properties for Sale page, PDF list	Written offers, not an auction	Public Bank
Hong Leong	Auction Property Listing page	Search by type, state, price, tenure and auction type (LACA, High Court, Land Office)	Hong Leong
AmBank	Monthly PDF lists	A High Court e-Lelong list and auctioneers' online auction notices	AmBank
OCBC	Auction Properties PDF	Each lot tagged High Court, Land Office or LACA, with auctioneer, date and reserve	OCBC
Standard Chartered	Properties for Auction PDF, by state	Address, type, tenure, date and reserve, plus a bidder checklist	Standard Chartered
Bank Rakyat	Two monthly lists	Court auctions via e-Lelong, and land office auctions	Bank Rakyat
RHB	Announcements	Tenders for properties owned by the group	RHB

BidNest also follows UOB, Alliance Bank, Affin Bank, Bank Islam, BSN, MBSB, HSBC, Bank Muamalat and LPPSA (see the LPPSA lelong guide).

BidNest's bank pages keep lots in Kuala Lumpur, Selangor, Negeri Sembilan and Putrajaya first auctioned at RM400,000 or more, plus their discounted later rounds, so you can follow one bank's lots in Selangor or Kuala Lumpur, from landed homes to auction factories.

Auction, tender or offer: is every bank property a lelong?

No. Only the first of these is a lelong:

Auction: a reserve price, a deposit on the day, the highest bid wins, sold as is where is.
Tender: RHB, for example, ran a tender for six group-owned properties from 10 to 27 July 2026.
Offer list: Public Bank's list (as at 12 October 2026) takes written offers first come, first served, allows viewings with a day's notice, and says the bank may consider a loan for eligible buyers.

How does a bank auction work, step by step?

Find the lot on the bank's list or BidNest page; note the round and reserve.
Get the Proclamation of Sale and Conditions of Sale from the auctioneer or the bank's solicitor, as CIMB and Hong Leong advise. See how to read a Proclamation of Sale.
Inspect from outside and run searches: a title search at the land office, and ask the developer or management about consent and any Bumiputera restriction.
Check financing before you bid, as CIMB and Hong Leong both suggest. See how to get a loan for a lelong property.
Prepare the deposit and documents: 10% of the reserve by bank draft at Hong Leong; 10% (5% for a Bumiputera unit) or the Proclamation's amount at Standard Chartered. Bring your IC; Standard Chartered's checklist asks a company for its M&A, Forms 24, 44 and 49 and a board resolution.
On the day, arrive 30 minutes early (Hong Leong), or for online auctions register at least one working day before (AmBank's auctioneer).
After the hammer, pay any top-up due on a bid above the reserve (Hong Leong's FAQ), then the balance within 90 or 120 days. Estimate the cash with the auction cost calculator.

This guide is general information, not financial or legal advice.

What do BidNest's records show?

BidNest's market report, built from 9,763 resolved auctions between July 2025 and October 2026, shows a 40% clearance rate, rising from 10.7% at the first auction to 55.1% from the fifth round on, as each unsold round cuts the reserve by about 10%. 51.1% of winning bids equal the reserve. Over the last 12 months of sold prices, the median lot sold for RM433,750, a median 1.9% above reserve.

Frequently Asked Questions

Which banks sell lelong property in Malaysia?

Lenders whose auction lots BidNest tracks include Maybank, CIMB, Public Bank, RHB, Hong Leong, AmBank, UOB, OCBC, Bank Rakyat and LPPSA, grouped on BidNest by bank.

What is a LACA auction?

LACA means loan agreement cum assignment, used when the property has no individual or strata title yet. The bank holds the purchaser's rights by assignment instead of a registered charge, so it sells through a appointed auctioneer without a court order, on the terms in the Conditions of Sale.

How much deposit do I need for a bank auction?

Usually 10% of the reserve price, which the National Land Code requires for court and land office auctions. For LACA auctions the Proclamation sets the amount; Standard Chartered, for example, asks 5% for a Bumiputera unit.

How long do I have to pay the balance?

Court and land office auctions: 120 days with no extension, and the deposit is forfeited if you miss it. LACA auctions: the Conditions of Sale decide, and CIMB, Hong Leong and Standard Chartered state 90 or 120 days.

Can I view a bank lelong property before the auction?

Usually only from outside: CIMB and Hong Leong tell bidders to inspect externally, and lots are sold as is where is. Public Bank's Properties for Sale list, sold by written offer, allows viewings by appointment.

Can the bank cancel an auction?

Yes. CIMB, Hong Leong and OCBC all reserve the right to withdraw a listed property at any time without notice. Confirm with the auctioneer shortly before the date.

To check a lot from any bank's list, its auction date, reserve price and financing, contact Crispina Ng, a lelong property specialist with 12 years in bank auctions and a former banker.

Sources

Bank Lelong Property in Malaysia: How Each Bank Runs Its Auctions